Lamb Weston (LW), mcap=$11.6bn, price $80.63 vs $71.45

– Global processor and supplier of french fries.
– Expected to return to pre-covid margin structure driven by normalized potato crop and easing of supply chain issues.
– Oligopolistic industry structure with rational pricing.

– Estimated to earn $4.60-5.75/share FY25 vs consensus of $4.11.
– At 20-22x EPS (slightly below historical 25x) + $2/shr in dividends, that’s $94 – $128 stock.

Exp. gain: 32-80% upside to $94-$128/share in FY25

Full $LW write-up (free guest account required):

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